Baker Boyer National Bank

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), Baker Boyer National Bank reported 80 stock positions worth $290.4 million. Its top holding was Vanguard Tax-Exempt Bond ETF (VTEB) at 20.8% of the portfolio, followed by Dimensional US Core Equity 2 (DFAC, 20.0%) and Dimensional World Ex US Core (DFAX, 14.7%). Compared with Q4 2023, it opened 1 new position, added to 23 and reduced 29. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +3%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −0%).

Most Recent 13F
Q2 2026
Location
WALLA WALLA, WA
CIK
0001079398
Portfolio Value
$290.4M (Q1 2024)
SEC Filing
0001079398-24-000004 ↗ filed Apr 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $290.4M $290.4M Q1 2024 Q2 2024: $286.2M Q2 2024 Q3 2024: $298.0M Q3 2024 Q4 2024: $289.5M Q4 2024 Q1 2025: $271.1M Q1 2025 Q2 2025: $290.0M Q2 2025 Q3 2025: $301.0M Q3 2025 Q4 2025: $331.2M Q4 2025 Q1 2026: $332.8M Q1 2026 Q2 2026: $364.1M Q2 2026

Holdings 80 stocks · $290.4M
VTEB Vanguard Tax-Exempt Bond ETF 20.79% 1,193,206 $60.4M Reduce -0.0%
DFAC Dimensional US Core Equity 2 19.98% 1,815,690 $58.0M Add +3.3%
DFAX Dimensional World Ex US Core 14.73% 1,682,055 $42.8M Add +4.6%
DFUV Dimensional US Marketwide Va 7.26% 515,287 $21.1M Reduce -1.0%
FBND Fidelity Total Bond ETF 5.79% 371,226 $16.8M Add +7.9%
DFIV Dimensional International Va 3.06% 241,722 $8.9M Reduce -2.3%
VGIT Vanguard Intermediate-Term T 2.19% 108,857 $6.4M Add +4.2%
DFAI Dimensional International Co. 1.80% 172,860 $5.2M Reduce -0.1%
VTV Vanguard Mrngstr Val ETF-Aui 1.79% 31,875 $5.2M Add +24.5%
VEA Vanguard Ftse Developed ETF 1.47% 85,269 $4.3M Add +40.4%
MSFT Microsoft Corp. 1.47% 10,156 $4.3M Reduce -4.2%
AAPL Apple Inc. 1.28% 21,738 $3.7M Reduce -22.4%
VUG Vanguard Mrngstar GR ETF-Sui 1.11% 9,365 $3.2M Add +26.4%
DFAS Dimensional US Small Cap ETF 0.94% 43,853 $2.7M Reduce -2.3%
DFAE Dimensional Emerging Core Eq 0.87% 102,403 $2.5M Add +4.6%
IMOM Alpha Intl Quant Mom ETF 0.69% 68,477 $2.0M Add +10.2%
COST Costco Wholesale Corp. 0.61% 2,406 $1.8M Add +4.0%
DE Deere & Co. 0.57% 4,010 $1.6M No change
JNJ Johnson & Johnson 0.55% 10,124 $1.6M Reduce -2.5%
VOO Vanguard S&P 500 ETF 0.54% 3,278 $1.6M Add +0.9%
GOOG Alphabet Inc. Class C 0.51% 9,732 $1.5M Reduce -8.9%
MTUM iShares MSCI USA Momentum Fa 0.46% 7,074 $1.3M Add +14.6%
ACN Accenture PLC Class A 0.42% 3,535 $1.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.41% 2,303 $1.2M No change
HD Home Depot Inc. 0.39% 2,970 $1.1M Reduce -0.5%
PG The Procter & Gamble Co. 0.37% 6,557 $1.1M Reduce -4.5%
VWO Vanguard Ftse Emerging Marke 0.36% 25,231 $1.1M Add +50.2%
PCAR Paccar Inc. 0.36% 8,426 $1.0M Reduce -2.1%
MCD McDonald's Corp. 0.35% 3,656 $1.0M Reduce -9.4%
IWF iShares Russell 1000 Growth 0.33% 2,810 $947K No change
IEMG iShares Core MSCI Emerging 0.32% 18,227 $940K Add +13.6%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 2,175 $915K Add +2.4%
META Meta Platforms Inc. Class A 0.30% 1,812 $880K No change
GOOGL Alphabet Inc. Class A 0.30% 5,825 $879K No change
VB Vanguard Most SM-Cap ETF-Usd 0.29% 3,730 $853K Add +30.6%
DHR Danaher Corp. 0.29% 3,408 $851K No change
SO The Southern Co. 0.29% 11,741 $842K No change
AMZN Amazon.com Inc. 0.26% 4,197 $757K Reduce -10.4%
CMI Cummins Inc. 0.25% 2,480 $731K No change
MA Mastercard Inc. Class A 0.24% 1,476 $711K Reduce -27.4%
HON Honeywell International Inc. 0.24% 3,335 $685K Reduce -1.5%
CAT Caterpillar Inc. 0.23% 1,801 $660K No change
BA The Boeing Co. 0.22% 3,282 $633K No change
QVAL Alpha Arch US QNT Value ETF 0.21% 13,642 $613K Add +5.0%
V Visa Inc. Class A 0.21% 2,164 $604K Reduce -2.1%
UNP Union Pacific Corp. 0.21% 2,451 $603K Reduce -6.1%
UNH Unitedhealth Group Inc. 0.20% 1,173 $580K No change
QMOM Alpha US Quant Mom ETF 0.18% 8,986 $531K Add +0.1%
CVX Chevron Corp. 0.17% 3,153 $497K No change
DFAT Dimensional US Target Value 0.17% 9,079 $494K No change
NKE Nike Inc. Class B 0.17% 5,139 $483K Reduce -50.4%
TSLA Tesla Inc. 0.16% 2,661 $468K Add +10.2%
ADBE Adobe Inc. 0.16% 923 $466K Reduce -3.8%
XOM Exxon Mobil Corp. 0.15% 3,832 $445K No change
MRK Merck & Co. Inc. 0.15% 3,356 $443K Reduce -10.5%
INTU Intuit Inc. 0.15% 670 $436K No change
SYK Stryker Corp. 0.15% 1,205 $431K No change
WM Waste Management Inc. 0.15% 1,979 $422K No change
CSCO Cisco Systems Inc. 0.14% 8,237 $411K Add +2.6%
INTC Intel Corp. 0.14% 9,256 $409K Reduce -1.1%
ITW Illinois Tool Works 0.14% 1,475 $396K Reduce -8.2%
IVAL Alpha Archi Intl QT Vlu ETF 0.13% 14,503 $391K Add +7.9%
AXP American Express Co. 0.13% 1,678 $382K Add +5.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 1,996 $381K Reduce -7.3%
VXF Vanguard Extended Market ETF 0.13% 2,143 $376K No change
RTX RTX Corp. 0.13% 3,842 $375K No change
PAYX Paychex Inc. 0.13% 2,990 $367K No change
PEP Pepsico Inc. 0.12% 2,052 $359K Reduce -0.5%
ED Consolidated Edison Inc. 0.11% 3,426 $311K No change
ABBV Abbvie Inc. 0.11% 1,684 $307K Reduce -11.1%
DUK Duke Energy Corp. 0.10% 3,053 $295K No change
VMI Valmont Industries 0.10% 1,285 $293K No change
MUB iShares National Muni Bond E 0.09% 2,560 $275K Reduce -17.8%
JPM JPMorgan Chase & Co. 0.09% 1,360 $272K Add +12.4%
BLK BlackRock Finance Inc. 0.09% 313 $261K No change
LOW Lowe's Cos Inc. 0.08% 925 $236K No change
FDX FedEx Corp. 0.07% 752 $218K New
ABT Abbott Laboratories 0.07% 1,850 $210K Reduce -5.5%
DEO Diageo PLC-Sponsored ADR 0.07% 1,395 $207K No change
USB US Bancorp 0.07% 4,577 $205K Reduce -17.8%

Portfolio Sells Q4 2023 → Q1 2024
VTEB Vanguard Tax-Exempt Bond ETF Reduce -0.0% 20.79% −1.59
AAPL Apple Inc. Reduce -22.4% 1.28% −0.70
NKE Nike Inc. Class B Reduce -50.4% 0.17% −0.25
MCD McDonald's Corp. Reduce -9.4% 0.35% −0.08
MA Mastercard Inc. Class A Reduce -27.4% 0.24% −0.07
DFIV Dimensional International Va Reduce -2.3% 3.06% −0.07
ADBE Adobe Inc. Reduce -3.8% 0.16% −0.05
JNJ Johnson & Johnson Reduce -2.5% 0.55% −0.05
GOOG Alphabet Inc. Class C Reduce -8.9% 0.51% −0.04
DFAS Dimensional US Small Cap ETF Reduce -2.3% 0.94% −0.04
INTC Intel Corp. Reduce -1.1% 0.14% −0.03
MUB iShares National Muni Bond E Reduce -17.8% 0.09% −0.03
UNP Union Pacific Corp. Reduce -6.1% 0.21% −0.03
HON Honeywell International Inc. Reduce -1.5% 0.24% −0.03
DFAI Dimensional International Co. Reduce -0.1% 1.80% −0.02
ITW Illinois Tool Works Reduce -8.2% 0.14% −0.02
USB US Bancorp Reduce -17.8% 0.07% −0.02
ABT Abbott Laboratories Reduce -5.5% 0.07% −0.01
PEP Pepsico Inc. Reduce -0.5% 0.12% −0.01
V Visa Inc. Class A Reduce -2.1% 0.21% −0.00
PG The Procter & Gamble Co. Reduce -4.5% 0.37% −0.00
ABBV Abbvie Inc. Reduce -11.1% 0.11% −0.00
AMZN Amazon.com Inc. Reduce -10.4% 0.26% −0.00
IBM Intl Business Machines Corp. Reduce -7.3% 0.13% +0.00
MRK Merck & Co. Inc. Reduce -10.5% 0.15% +0.00
MSFT Microsoft Corp. Reduce -4.2% 1.47% +0.01
HD Home Depot Inc. Reduce -0.5% 0.39% +0.01
PCAR Paccar Inc. Reduce -2.1% 0.36% +0.05
DFUV Dimensional US Marketwide Va Reduce -1.0% 7.26% +0.14

Portfolio Buys Q4 2023 → Q1 2024
DFAC Dimensional US Core Equity 2 Add +3.3% 19.98% +1.10
VEA Vanguard Ftse Developed ETF Add +40.4% 1.47% +0.40
VTV Vanguard Mrngstr Val ETF-Aui Add +24.5% 1.79% +0.38
DFAX Dimensional World Ex US Core Add +4.6% 14.73% +0.31
VUG Vanguard Mrngstar GR ETF-Sui Add +26.4% 1.11% +0.26
VWO Vanguard Ftse Emerging Marke Add +50.2% 0.36% +0.11
MTUM iShares MSCI USA Momentum Fa Add +14.6% 0.46% +0.10
IMOM Alpha Intl Quant Mom ETF Add +10.2% 0.69% +0.09
FDX FedEx Corp. New 0.07% +0.07
VB Vanguard Most SM-Cap ETF-Usd Add +30.6% 0.29% +0.07
COST Costco Wholesale Corp. Add +4.0% 0.61% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +2.4% 0.32% +0.04
IEMG iShares Core MSCI Emerging Add +13.6% 0.32% +0.03
AXP American Express Co. Add +5.3% 0.13% +0.02
VOO Vanguard S&P 500 ETF Add +0.9% 0.54% +0.02
QMOM Alpha US Quant Mom ETF Add +0.1% 0.18% +0.02
JPM JPMorgan Chase & Co. Add +12.4% 0.09% +0.02
QVAL Alpha Arch US QNT Value ETF Add +5.0% 0.21% +0.02
IVAL Alpha Archi Intl QT Vlu ETF Add +7.9% 0.13% +0.01
DFAE Dimensional Emerging Core Eq Add +4.6% 0.87% +0.00
CSCO Cisco Systems Inc. Add +2.6% 0.14% −0.01
FBND Fidelity Total Bond ETF Add +7.9% 5.79% −0.03
TSLA Tesla Inc. Add +10.2% 0.16% −0.06
VGIT Vanguard Intermediate-Term T Add +4.2% 2.19% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 94$364.1MDFAC, DFAX, VTEB, DFUV, FBND
Q1 2026 91$332.8MDFAC, DFAX, VTEB, DFUV, FBND
Q4 2025 94$331.2MDFAC, VTEB, DFAX, DFUV, FBND
Q3 2025 80$301.0MDFAC, VTEB, DFAX, DFUV, FBND
Q2 2025 78$290.0MDFAC, VTEB, DFAX, DFUV, FBND
Q1 2025 73$271.1MDFAC, VTEB, DFAX, DFUV, FBND
Q4 2024 79$289.5MVTEB, DFAC, DFAX, DFUV, FBND
Q3 2024 78$298.0MVTEB, DFAC, DFAX, DFUV, FBND
Q2 2024 74$286.2MVTEB, DFAC, DFAX, DFUV, FBND
Q1 2024 80$290.4MVTEB, DFAC, DFAX, DFUV, FBND